IndyMac Thrift or Bank??

cabin111
on 7/11/08 10:46 am

FDIC just took it over today. It is a Southern Cal institution. Just wondering how big was this down there and will it hurt the LA area. Thanks, Brian

GoingMobile
on 7/11/08 11:12 am - San Dimas, CA

VSG on 06/04/08

a none event, IMO. WAMU, Wells Fargo and B of A are kings out here

scrappergirl
on 7/12/08 4:46 am - Inland Empire, CA

RNY on 12/28/07

This is news to me. I live in a rural area and they are the ones financing a housing development here. I'm waiting to hear the same thing on Wamu. Wamu's stock has next to crashed - last year stock was around $45 per share and closed at $4.95 yesterday. They are sinking fast. imho.

Bekki

judijo
on 7/12/08 10:54 am - Saugus, CA

RNY on 04/29/08

I cannot imaging having accounts in any ONE bank for more than $100K. Diversify/diversify/diversify!!!

That being said, IndyMac was FDIC insured...their money is good (up to that $100K), and the bank will be called IndyMacFederal on Monday. (source: My viewing of KTLA news at 10PM last night)

IndyMac Thrift or Bank??

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IndyMac Thrift or Bank??